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B202 Key Terms
Economic Resources
| alternative resource | a resource that can be used in place of another |
| automation | a method of operating or controlling a process in which tasks are completed by automatic means such as technology |
| baby boomers | a term used to refer to individuals who were born between the years 1946 and 1964 |
| capital goods | manufactured or constructed items that are used to produce goods and services |
| conserve | to slow down the use of something to make its supply last |
| consumer goods and services | products produced for personal consumption |
| demographics | information used to describe a population |
| economic resources | the human and natural resources and capital goods used to produce goods and services also known as factors of production |
| employee assistance program | a project organized and sponsored by a company to help its employees |
| entrepreneur | people who assume the risk of starting |
| entrepreneurship | starting and building a business |
| factors of production | productive resources human and natural resources and capital goods |
| financial capital | money needed to operate a business |
| flextime | a scheduling procedure in which employees select their own working hours as long as they work the required number of hours |
| fossil fuels | |
| generation X | |
| generation Y | |
| human resources | |
| just in time inv |
Created by:
gmier.w765
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